Market value isn’t the only reason digital assets like bitcoin stand out, but it’s certainly a newsworthy conversation starter. As you catch up with family over the holidays, bitcoin’s epic 2017 price increase will likely be a hot topic. To entertain their curiosity, we’ve got the following holiday tips to get your loved ones as excited about bitcoin and digital assets as you are.
At Blockchain, we’re always looking for ways to empower our users to interact with the digital economy in new, meaningful ways. In November, we revealed our plan to deliver on the growing demand we’ve seen for Bitcoin Cash. Starting today, we’re supporting Bitcoin Cash with full functionality through the same web wallet users know and love.
With Bitcoin Cash joining our existing lineup of digital currencies, users now have a full suite of options and can easily toggle between digital currencies to send and request funds, safely manage balances, and monitor market prices – all from one central place.
If you had bitcoin in your Blockchain wallet prior to August 1st, get excited because you’ll see an equal amount of Bitcoin Cash in your wallet now! New to Bitcoin Cash? Users can get started by simply trading bitcoin and ether for Bitcoin Cash using our exchange integration.
Just like with bitcoin and ether, users hold their Bitcoin Cash private keys, meaning they always have full, exclusive access to their funds with their backup phrase.
Not on web? Don’t fret. We’ll be rolling out full support for Bitcoin Cash on mobile by the end of Q1 2018. We’ll keep you in the loop here and on Twitter as we continue to build on this new addition to our wallet. Still have questions about how Bitcoin Cash works in your Blockchain wallet? Visit our Support Center.
Don’t have a Blockchain wallet? Sign up to get started with Bitcoin Cash and other digital currencies today!
Since our first Bitcoin Holiday Gift Guide, digital currency has continued to transform the world of online payments and e-commerce. This year we’re excited to bring you a festive mix of gift ideas that will help you spread the joy of Bitcoin this holiday season.
At Blockchain we’re always looking for ways to make digital currency more accessible. It’s part of our commitment to creating an open, accessible, and fair financial future – and helping you, our users, Be Your Own Bank™.
Today, we’re excited to introduce Recurring Orders, a new feature that gives our European users greater purchasing power by allowing them to automatically buy bitcoin on a regular basis. Whether you’re just getting started or regularly purchase bitcoin, this feature will make it even easier to invest little by little in a better financial future.
Here’s how it works:
- Log into your Blockchain wallet
- Select ‘Buy’ powered by Coinify
- Enter the desired amount you’d like to purchase with your credit card
- Select ‘Make this a recurring order’
- Choose your frequency whether on a daily, weekly, or monthly basis
- Select the duration you’d like the recurring order to last (you can cancel anytime!)
- Then click ‘Buy Bitcoin’
Taking small, incremental steps can add up to big results over time. With recurring orders, you can find your comfort zone and watch your wallet accrue additional bitcoin – without having to worry about a large upfront cost.
Log-in or sign up at www.blockchain.com to get started with recurring bitcoin orders on web or mobile today!
At Blockchain, our priority is always our users and the safety of their funds. We recently communicated that our service would be unavailable during the Segwit2x hard fork. While plans for the hard fork have been suspended, there may be some network instability at block height 494,784.
We’ll be monitoring the network closely. Should network instability threaten the safety of our users’ funds, we may briefly suspend outgoing bitcoin transactions but anticipate any suspension to last no more than 1 hour.
Moving forward, we are prioritizing two major initiatives to improve our users’ experiences in the digital currency ecosystem:
Our block explorer, Blockchain.info, has supported SegWit from the day it activated. In 2018 we will be rolling out support for SegWit within our wallet products. This will be a major and complex update to some of the most sensitive parts of our codebase, across a wide variety of platforms and devices, affecting billions in user transactions with potentially significant privacy implications. We will do this cautiously but also with consideration for the rising miner’s fees within the bitcoin ecosystem. We are excited about the advances SegWit offers and we plan to begin making it available within our wallets in as soon as possible in 2018, with an eye towards rollout in Q1.
We launched partial Bitcoin Cash support on October 11th and said we would monitor market demand for fully featured support. Market demand for Bitcoin Cash has proven strong and, in our view, it’s likely here to stay.
We plan to offer full support for Bitcoin Cash before the end of year on web with support across all our platforms before end of the end of Q1 2018. Stay tuned for product launch announcements!
With less than two months left in 2017, we’re waiting (some more enthusiastically than others) for snow fort season to begin. In the meantime, we’ve kept a clear focus on enhancing our platform for our 18+ million users around the world. Here are some of the newer team members helping us do just that and then some.
Your 12-word recovery phrase is, without a doubt, one of the most important wallet tools at your disposal. Knowing that, it’s no surprise we strongly recommend users write it down and store it safely before adding any funds to a new wallet. If you’ve already completed these backup steps, it’s equally important to have a solid understanding of how to use your 12-word phrase if you ever need to. Here, we’ll explain exactly that!
When block 494,784 is mined (on or around November 16th), the second and final part of an important network upgrade to the Bitcoin protocol called “SegWit2x” will take place. Below is a quick breakdown of what to expect throughout the coming weeks.
Some background on SegWit2x
SegWit2x is essentially a software upgrade that will bring improved capacity to the Bitcoin protocol. A majority of Bitcoin miners have signaled their intent to deploy Segwit2x, which increases the base size of bitcoin transaction “blocks” (groups of bitcoin transactions). The final part of this change is scheduled to occur when bitcoin block 494,784 is mined. Right now, this protocol change will likely activate on or about November 16th.
How does Blockchain plan to respond to SegWit2x?
During the upgrade, unanticipated changes to the Bitcoin network may occur. Our team is working around the clock to ensure our platform is prepared to incorporate these changes to the network as quickly as possible. During the upgrade period, we will take steps to ensure users are protected and their funds are safe.
To keep your funds safe while the network is in transition, we will temporarily suspend bitcoin send, request, buy, sell, and exchange functionality roughly 24 hours before the time of the fork until the network stabilizes.
What happens if there is a network split?
There is a significant possibility that the planned hard fork will result in two bitcoin block chains. In this case, we will follow the chain with the most accumulated difficulty and refer to that chain as bitcoin. If the minority chain has significant value, we will make that value available for customers to hold or exchange for a period of time, as we have done with Bitcoin Cash. If the minority chain is the one with 1MB blocks, we plan to call it BT1. If the minority chain has 2MB blocks, we plan to call it BT2.
Is there any action I need to take in advance?
While no immediate action is required, we encourage you to write down your backup phrase if you haven’t already. Check out this blog for more info on that.
Will I be able to see my bitcoin in my Blockchain wallet?
Yes. We will temporarily be suspending transactions for bitcoin, but your funds will remain safe and you’ll be able to monitor them from within your Blockchain wallet. Please note, until the network stabilizes, your bitcoin’s fiat balance will be based on the value of bitcoin at the time of the hard fork.
Can I use ether during SegWit2x?
Yes, ether will be available during SegWit2x. If you have transactions you need to make during this time, we recommend using ether to send and request.
When are you suspending buy and sell functionality for bitcoin?
We will be suspending all buy and sell functionality roughly 24 hours before the fork.
When will you bring back transactions? Will you be offering replay protection?
We’ll bring back transactions when it’s safe either because there is one chain or funds are protected by our own replay protection.
Where can I find the latest updates?
We’ve created a status page at blockchain-status.com where we’ll be posting regular updates throughout. We will have updates featured on throughout the wallet as well.
Have additional questions? Our industry-leading support team is prepared, as always, to help answer your questions at support.blockchain.com.
Interacting on social media can be a very positive experience, but it also has its fair share of pitfalls. Some users have recently reported being contacted by alleged members of our support team on Facebook who are requesting users’ 12-word recovery phrase in exchange for support. We want to clear up some misconceptions that are fueling this scam, plus we’ll give you some tips on how you can help keep yourself and other users safe.
A few months ago, we added ether to the Blockchain wallet. Today, we’re excited to announce that we’re extending that functionality to our mobile apps. As of today, users can seamlessly store, send, and receive ether on both iOS and Android.
As part of our mission to make digital assets increasingly user-friendly and accessible, we kept the mobile user experience for both currencies consistent and easy to navigate. With this update, users will notice the following two exciting changes:
- With a simple tap users can navigate between ether and bitcoin to monitor transactions, send funds, or request payment; and
- We’re rolling out a new dashboard that will allow users to monitor the market price for both currencies.
Don’t have a Blockchain wallet? Click here to sign up today!